Nvni Group Limited (NASDAQ:NVNI) Short Interest Up 447.8% in June

Nvni Group Limited (NASDAQ:NVNIGet Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 975,790 shares, a growth of 447.8% from the May 31st total of 178,128 shares. Based on an average daily volume of 2,331,218 shares, the short-interest ratio is currently 0.4 days. Currently, 12.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Nvni Group

A number of hedge funds have recently added to or reduced their stakes in the business. Narus Financial Partners LLC boosted its position in Nvni Group by 71.8% in the 3rd quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock valued at $29,000 after buying an additional 14,800 shares during the period. Turim 21 Investimentos Ltda. increased its position in shares of Nvni Group by 50.9% during the third quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock worth $46,000 after acquiring an additional 18,847 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Nvni Group in the second quarter valued at $40,000. 0.49% of the stock is currently owned by institutional investors and hedge funds.

Nvni Group Price Performance

NASDAQ NVNI opened at $0.96 on Friday. The company has a market cap of $9.63 million, a P/E ratio of 2.40 and a beta of -0.10. The stock has a 50-day moving average of $1.14 and a two-hundred day moving average of $1.70. Nvni Group has a 1-year low of $0.77 and a 1-year high of $16.40.

Nvni Group (NASDAQ:NVNIGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.67). The firm had revenue of $8.80 million for the quarter, compared to analyst estimates of $15.73 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Nvni Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nvni Group presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on Nvni Group

Nvni Group Company Profile

(Get Free Report)

Nvni Group Limited provides a business to business SaaS platform that offers cloud solutions. The company was incorporated in 2019 and is based in São Paulo, Brazil.

Recommended Stories

Receive News & Ratings for Nvni Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nvni Group and related companies with MarketBeat.com's FREE daily email newsletter.